Training the next generation of manufacturing workers is essential to the success of U.S. manufacturing and the economy. A recent McKinsey study found that restoring growth and competitiveness in 16 key manufacturing industries could boost annual U.S. GDP by more than 15 percent. A talent pool of qualified job candidates is essential for meeting U.S. manufacturers’ needs for capacity, productivity and innovation. Developing a skilled workforce will help us to overcome our lack of global cost competitiveness and drive long-term reshoring and growth.
Seventy-seven percent of manufacturers say they will have ongoing difficulties in attracting and retaining workers in the next few years. A Deloitte study finds that, “Left unabated, the manufacturing skills gap—which is now anticipated to leave 2.1 million jobs unfilled by 2030—could cost the U.S. economy as much as $1 trillion.”